Luxury housing is in danger! - News about real estate, Kiev, Kyiv region. Real Estate In Ukraine

Luxury housing is in danger! - News about real estate, Kiev, Kyiv region. Real Estate In UkraineThe rate of decline in housing prices of luxury in London began in 2008, a record for more than three decades...The collapse in prices for luxury housing in the UK in 2008 was a recordThe rate of decline in housing prices of luxury in London began in 2008, a record for more than three decades, since the most severe banking crisis since the First world war led to a sharp reduction in demand for real estate by London financiers, reported Bloomberg.The average cost of a house or apartment in nine of the most expensive areas of London fell by almost 17%., according to Knight Frank LLP, which monitors housing prices since 1976. In December of houses and apartments costing more than 1 million pounds (1.5 million dollars) fell by 2.2%.The most affected segment of the housing market worth up to ВЈ 2.5 million - the price drop was 22%. This sector is particularly popular among employees of banks and FIS. As a result of the financial crisis there have been considerable reductions in jobs in this industry, and it is expected that this trend will continue until the end of 2010, according to research firm Oxford Research.The number of houses and apartments costing more than 1 million pounds sold by the estate Agency Knight Frank, decreased in 2008 to 49 percent. up to 2746 objects.



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